$SOMA.V

Soma Gold Appoints Wylie Hui as CFO

Soma Gold (SOMA.V) announced Tuesday the appointment of Wylie Hui as chief financial officer of the company, effective July 13, 2026.He has served as chief financial officer for a number of publicly listed companies, including Eastern Platinum Limited (ELR.TO), BQE Water Inc (BQE.V), UEX Corporation, and Sandfire Resources America Inc (SFR.V), said the company. Hui is the founder and principal of Altastra Office Systems Inc, through which he has provided CFO, controllership, and financial consulting services to a broad range of public and private companies, the company stated. Earlier in his career, he held senior positions at BDO Canada LLP, where he served as Director and Financial Due Diligence Leader, and at Ernst & Young LLP, where he held roles in Transaction Advisory Services and Risk Advisory Services, it added.The company also announced several "key management changes" at its operating company, Operadora Minera S.A., in Colombia. Juan Guillermo Mejia Franco has been appointed as Director of Processing Plant, Santiago Jose Correa Ocampo has been appointed Manager of Sustainability, with responsibility for all social and environmental issues, as well as the formalization of small miners, Diana Alejandra Garcia Martinez has been appointed Director of Social Engagement, Andres Felipe Quintero Gomez has been appointed Director of Exploration, Yane Carolina Junca Rojas has been appointed Manager of Finance and Accounting, and David Andres Stand Nino has been appointed Manager of Administration, added the company."The addition of Mr. Hui as CFO is part of an effort over the last six months to enhance the experience and depth of our Colombian management team," said Geoff Hampson, President and Chief Executive Officer of Soma Gold. "The new team members bring a wide range of experience and best practices, and we expect to see benefits across all aspects of our company, including mining and processing, mine planning, resource management, cash flow management, and cost controls. A series of major events will occur in the next 18 months, and with these additions to the team, we are ensuring the management experience and capability is in place to support the planned growth."

Soma Gold Announces Production and Delivery From the Escondida Mine in Colombia

Soma Gold (SOMA.V) on Monday said shipments of mined material from the Escondida Mine to the El Bagre Gold Complex have begun.The Escondida Mine resumed production following completion of the first phase of underground rehabilitation, said the company, and adding that the second portal also sustained damage during recent flooding and repair work is ongoing.Initial production has started at 10 tonnes per day and is expected to increase to 20 TPD in the second half of 2026, it stated.Further development work is required to reach the permitted capacity of 40 TPD, which is targeted for the first quarter of 2027, stated the company.The mining license may be increased further pending results of the a drilling program, which is underway on the property, said the company and further added that completion of access road repairs has enabled haul trucks to reach the mine site, with mined material now being delivered directly to the El Bagre Gold Complex."The commencement of deliveries from Escondida, combined with improved grades at the Cordero Mine, will bring gold production at El Bagre to the levels we had been anticipating for Q1," said chief exexutive Geoff Hampson. "Over the coming months, shipment volumes and frequency will increase further, and we expect deliveries from the Aurora Mine to commence within weeks. Together, these developments position Soma for a strong second half of 2026. We continue to source feed material from Lemoncito Norte, El Limon, Diamantina, and other formalized and legal mining operations in the region."The company's shares were last seen down $0.02 to $0.86 on the TSX Venture Exchange.Price: $0.86, Change: $-0.02, Percent Change: -2.27%

Soma Gold To Settle $25.8 Million of Debt Through Issuance of Common Shares

Soma Gold (SOMA.V) agreed to settle $25.78 million of debt through the issuance of its common shares, the company said on Tuesday.Pursuant to the debt settlement, the company will issue 23.44-million shares at $1.10 apiece to Conex Services, a company owned and controlled by Glenn Walsh, a director of Soma Gold. The debt was originally incurred in connection with a previous debt restructuring, it said."Conex determined that management's plan to increase production through the development of new mines on the property and the installation of mineral sorting equipment, which is expected to drive a ramp-up in gold production in 2027 and 2028, makes the current valuation attractive," said Soma Gold Chief Executive Geoff Hampson. "This transaction increases Conex's shareholding in Soma to 51.36% from 41.74% pre-conversion, eliminates 100% of the Conex debt, and dramatically strengthens our balance sheet."Following completion of the debt settlement, Glenn Walsh indirectly owns and exercises control over 72.9-million shares, about 51.4% of the issued and outstanding shares on a non-diluted basis or 55.3% on a partially diluted basis assuming conversion of all convertible securities, it said.Shares of the company closed down 1.1% to $0.94 on Monday on the TSX Venture Exchange.

Soma Gold Launches Maiden Drill Program at Escondido Project in Colombia

Soma Gold (SOMA.V) has commenced a maiden drill program at the Escondida project in Colombia, the company said Friday.Phase-one drilling comprises 21 drill holes for a total of 2,790 meters, focused on testing the continuity of the mineralized zone near the known mine workings, with 50 m step-outs along strike and down-dip.If phase-one drilling confirms the continuity of the Escondida vein, its associated clay alteration, and gold mineralization, Soma will initiate a phase-two drill program for an additional 3,165 m."We are eager to define the full extent of the Escondida vein and look forward to testing the five additional veins on the property that to date have only ever been worked at surface," said Chris Buchanan, Soma's vice president of exploration.

Earnings Flash (SOMA.V) Soma Gold Corp. Reports Q1 Revs $22.5M, Down 19% YoY; Net Loss $2.1M Vs Income of $3.2M a Year Ago

Soma Gold Provides Operational Updates Across Its Colombian Mining Portfolio

Soma Gold (SOMA.V) on Wednesday said that operations at the flagship Cordero Mine have stabilized following last year's labor disruption, with production rates returning to planned levels of 425-450 tonnes per day (TPD).The company said it is advancing a "major" efficiency and capacity expansion at its El Bagre Mill through the installation of sensor-based sorting technology. It expects this initiative to increase production rate from 450 TPD to 650 - 700 TPD, deliver consistent mill feed of about 450 TPD at 5.8 - 6.2 grams per tonne (g/t) gold, "significantly" reduce cost per ounce and enable processing of a broader range of material grades.Phase 1 remediation and optimization of the El Limon mill have largely been completed, and the facility has been operating at about 100 TPD. The company expects underground production to start in the third quarter of 2026, initially at about 40 TPD.At the Aurora mine, explosives permit has been delayed but is expected to be received by May 2026, and a contract mining team has already been mobilized on site. Soma expects initial production and deliveries to begin in May or early June 2026.The company said the initial 2,500-meter drill program at the Escondida mine which is expected to start in May 2026 will "rapidly determine" the strike and down-dip extent of the Escondida Vein and begin to quantify an NI 43-101-compliant gold resource on the La Escondida property. Production is expected to recommence in June 2026, with initial output of 10-20 TPD at about 9 g/t gold, increasing to the permitted 40 TPD by year-end.Soma has also begun implementing its third-party mineralized material purchase program to supply the El Bagre Mill and the El Limon mill with various feed sources. Total production for 2026 is expected to be 23,489 gold equivalent (AuEq) ounces, with the company expecting to end the year at an annual run rate of 33,756 AuEq ounces."With improved mill performance, access to higher-grade zones at Cordero, and the near-term contributions from Diamantina, Aurora, and Escondida, Soma will soon experience a period of strong production expansion," said Soma Gold Chief Executive Geoff Hampson. "Combined with our sensor-based sorting initiative and the advancement of the Nechi Project, we believe the Company is exceptionally well positioned to achieve its target of 60 - 65,000 ounces annually by 2028."Shares of the company closed down 8.4% to $1.74 on Tuesday on the TSX Venture Exchange.